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APAC Chart of the Week: Loan borrowings by banks/NBFIs in Asia (ex-Japan) fall 42.8% in 9M20; SMBC tops bookrunner table

The volume of syndicated- and club-loan borrowings by banks and non-bank financial institutions (NBFIs) in Asia (ex-Japan and Australasia) fell 42.8% YoY in 9M20. They raised USD 12.84bn in loans via 39 deals in 9M20, compared with USD 22.43bn across 77 deals in the same period last year.

Sumitomo Mitsui Banking Corp topped the bookrunner league table both by value and number of deals, with USD 1.75bn from arranging 13 deals. The bank solely arranged four out of the 13 deals, including Export-Import Bank of India’s USD 500m three-year loan completed on 29 September.

MUFG Bank secured second place with USD 780m via eight deals, while Standard Chartered Bank came in third with USD 764m from seven deals.

The top three arrangers were all involved in state-owned Bank Rakyat Indonesia’s USD 1bn three-tranche term loan closed on 24 September, the largest loan obtained by a South/Southeast Asian bank/NBFI in 9M20.

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